Category Archives: HedgeCo News

GreenTech and the Obama Budget

April 1, 2010 : Permalink

New York (HedgeCo.net) – GreenWorld Capital reports: “President Obama has put his weight behind a new budget that sends a clear message: despite Congressional gridlock, the administration will push forward on cleantech. The budget reflects Obama’s promise to triple US […]

Hedge Funds Lose Case Against Auditor Tied to Madoff

April 1, 2010 : Permalink

New York (HedgeCo.net) – The U.S. District Court in Manhattan has ruled that KPMG LLP., cannot be sued for its ties with a hedge fund which was found to be a “feeder fund” for Madoff. The accounting firm won dismissal […]

BNY Mellon Named Asia’s Best Hedge Fund Administrator

March 31, 2010 : Permalink

New York (HedgeCo.net) – BNY Mellon was named Best Fund Administrator – Hedge Funds and Best in Corporate Trust, winning 6 awards at Asset magazine’s Triple A Transaction Banking Awards 2010 in Hong Kong. Also winning the title of Best […]

Fund.com Expands Hedge Fund & ETF Operations With The Acquisition Of Weston Capital Management

March 31, 2010 : Permalink

New York (HedgeCo.net) – New York hedge fund manager, Fund.com, Inc., has acquired a $1 billion hedge fund distributor based in West Palm Beach Fl., Weston Capital Management, LLC. “With Weston Capital’s proven capability to seed new fund products, combined […]

Vegas Hedge Fund Sued For $8.2 Million

March 30, 2010 : Permalink

New York (HedgeCo.net) – Ethan Conrad, Frank Sim and Harrold Pressly are being accused of running a bogus hedge fund, the Black Card Group, based in Las Vegas. The allegations, according to Courthouse News Services, claim a family was cheated […]

Ex-IBM SVP Pleads Guilty To Hedge Fund Insider Trading

March 30, 2010 : Permalink

New York (HedgeCo.net) – Robert Moffat, Jr., a formerly of IBM, pleaded guilty in the Manhattan federal court to conspiracy and securities fraud. “Moffat’s guilty plea marks the 11th conviction in this ongoing insider trading investigation.” U.S. Attorney Preet Bharara […]

Australia Hedge Fund Roundtable Highlight Super Funds, Mezzanine, Retail

March 29, 2010 : Permalink

New York (HedgeCo.net) – Opalesque launched the 28th issue in a series of regional roundtable forums, the “Opalesque 2010 Australia Roundtable”. With Matthias Knab, founder of Opalesque and internationally recognized expert on hedge funds and alternatives, moderating, the Opalesque Roundtable […]

Novum Statement on FSA Insider Trading and Hedge Fund Fraud Case

March 26, 2010 : Permalink

New York (HedgeCo.net) – The Financial Services Authority (FSA) visited the offices of independent UK securities stockbroker, Novum Securities, on the 23 of March in relation to an investigation into a single member of Novum’s staff, who has been with the […]

Five Lipper Awards For J.P. Morgan Funds

March 26, 2010 : Permalink

New York (HedgeCo.net) – J.P. Morgan Funds, the mutual fund arm of J.P. Morgan Asset Management has been recognized by Lipper as a best performer in five categories. “These awards clearly demonstrate the strength of our investment capabilities across all […]

Morgan Stanley Loses 6 Senior Traders To Hedge Funds

March 25, 2010 : Permalink

New York (HedgeCo.net) – Marcin Wiszniewski, a 14 year veteran of Morgan Stanley has quit his job to join the $18.3 billion hedge fund, BlueCrest Capital Management, the Wall Street Journal reports. Wiszniewski joins the London hedge fund May 10, […]

Hedge Fund Founder Sued in Atlanta

March 25, 2010 : Permalink

New York (HedgeCo.net) – Robert L. Duncan, an Atlanta hedge fund manager is being accused of misleading investors. His fund, Seaside Partners Fund LP. is being sued by an Atlanta trust and two investment managers, the Piedmont Family Office Fund […]

Moore and Deutsche Bank Targeted in London Hedge Fund Raid

March 24, 2010 : Permalink

New York (HedgeCo.net) – London $14 billion hedge fund, Moore Capital Management was raided yesterday in the crackdown on insider trading, the New York Times reported. In their first joint operation the Financial Services Authority (FSA) and the Serious Organised […]